Last dividend date: Jul 29, 2026
Dividend yield: 3.47%
Payout ratio: 78.9%
Southern's latest dividend of $0.309 per share was on Jul 29, 2026 (ex-date). The annualized dividend distribution of $3.29 per share represents a current dividend yield of 3.48%. The latest SO payment of $0.309 marks a dividend change of -59%.
SO dividend stats
vs. Utilities sector
Southern Dividend yield
SO has a dividend yield of 3.48% which is above the Utilities sector, the industry and its peers average. Compared to its Utilities sector average of 3.24%, Southern's dividend yield is 7% higher. The current dividend yield is similar to the historical average of 3.6% of the last 5 years.
SO Dividend history
Southern has a history of paying dividends since 1991. Our records of SO show that the company has distributed five dividends in the past year. The annualized dividend per share has increased by 13% since twelve months ago. And with the price of the stock down by 0.5% from a year ago, the dividend yield has increased by 14%.
Southern Dividend history chart
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Jul 29, 2026 | $0.309 | 3.42% |
| May 18, 2026 | $0.76 | 3.18% |
| Feb 17, 2026 | $0.74 | 3.22% |
| Nov 17, 2025 | $0.74 | 3.25% |
| Aug 18, 2025 | $0.74 | 3.14% |
| May 19, 2025 | $0.74 | 3.24% |
| Feb 18, 2025 | $0.72 | 3.35% |
| Nov 18, 2024 | $0.72 | 3.25% |
| Aug 19, 2024 | $0.72 | 3.27% |
| May 17, 2024 | $0.72 | 3.55% |
| Feb 16, 2024 | $0.7 | 4.21% |
| Nov 17, 2023 | $0.7 | 3.98% |
| Aug 18, 2023 | $0.7 | 4.07% |
| May 12, 2023 | $0.7 | 3.74% |
| Feb 17, 2023 | $0.68 | 4.08% |
| Nov 18, 2022 | $0.68 | 4.12% |
| Aug 12, 2022 | $0.68 | 3.43% |
| May 13, 2022 | $0.68 | 3.61% |
| Feb 18, 2022 | $0.66 | 4.14% |
| Nov 12, 2021 | $0.66 | 4.23% |
| Aug 13, 2021 | $0.66 | 3.97% |
| May 14, 2021 | $0.66 | 3.96% |
| Feb 12, 2021 | $0.64 | 4.26% |
| Nov 13, 2020 | $0.64 | 3.97% |
| Aug 14, 2020 | $0.64 | 4.71% |
| May 15, 2020 | $0.64 | 4.76% |
| Feb 14, 2020 | $0.62 | 3.59% |
| Nov 15, 2019 | $0.62 | 3.95% |
| Aug 16, 2019 | $0.62 | 4.24% |
| May 17, 2019 | $0.62 | 4.5% |
| Feb 15, 2019 | $0.6 | 4.94% |
| Nov 16, 2018 | $0.6 | 5.08% |
| Aug 17, 2018 | $0.6 | 5.02% |
| May 18, 2018 | $0.6 | 5.48% |
| Feb 16, 2018 | $0.58 | 5.28% |
| Nov 17, 2017 | $0.58 | 4.51% |
| Aug 17, 2017 | $0.58 | 4.76% |
| May 11, 2017 | $0.58 | 4.54% |
| Feb 16, 2017 | $0.56 | 4.64% |
| Nov 17, 2016 | $0.56 | 4.68% |
| Aug 11, 2016 | $0.56 | 4.21% |
| May 12, 2016 | $0.56 | 4.36% |
| Feb 11, 2016 | $0.543 | 4.52% |
| Nov 12, 2015 | $0.543 | 4.91% |
| Aug 13, 2015 | $0.543 | 4.63% |
| May 14, 2015 | $0.543 | 4.91% |
| Feb 12, 2015 | $0.525 | 4.51% |
Southern dividend payout ratio
Payout ratio
SO has a payout ratio of 78.9% which is higher than the Utilities sector, the industry and its peers average. In comparison with the Utilities sector average of 61.2%, Southern's payout ratio is 29% higher.
Total amount of dividends paid per financial year (from cash flow)
SO dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| D Dominion Energy Inc | 3.88% | $2.67 | 92.7% |
| FE Firstenergy Corp | 3.69% | $1.8 | 95.7% |
| SO Southern Company | 3.47% | $3.29 | 78.9% |
| DUK Duke Energy Corp | 3.4% | $4.26 | 65.2% |
| PPL PPL Corp | 3.15% | $1.12 | 68% |
| AEP American Electric Power Company Inc | 2.95% | $3.78 | 64.8% |
| NEE NextEra Energy Inc | 2.75% | $2.38 | 53.1% |
| ETR Entergy Corp | 2.32% | $2.52 | 63.8% |
| NRG NRG Energy Inc | 1.32% | $1.83 | 208% |
Frequently asked questions
Does Southern pay a dividend?
Yes, Southern has been paying dividends for the last 35 years.
When was SO's last dividend?
Southern's last regular dividend was on Jul 29, 2026 (ex-date) with the amount of $0.309 per share.
How much dividend does Southern pay (per share)?
SO's annualized dividend per share is $3.29.
What is Southern's dividend yield?
The current dividend yield of Southern is 3.48%.
What is Southern's dividend payout ratio?
The dividend payout ratio of Southern is 78.9%.
Does Southern pay a good dividend?
Southern's dividend yield is above the Utilities sector average.
Special dividends are included in TTM DPS and yield.